NIB finances electricity and water infrastructure upgrades in Borlänge, Sweden

• NIB and the Municipality of Borlänge have signed a SEK 250 million 15-year uncommitted credit facility to co-finance utility infrastructure investments.
• The project includes an investment programme for electricity grids, as well as investments in drinking water and wastewater networks.
• The financing would be on-lent to Borlänge Energi, the municipal utility company responsible for implementing the projects.

The electricity grid investment programme for 2025-2029 focuses on renewing, reinforcing and expanding Borlänge's distribution network. By laying around 55 kilometres of new cable each year and replacing older overhead lines, the project will support increased transmission capacity, improve operational reliability and reduce long-term maintenance needs.

In the water sector, the loan will support the expansion, and renewal works in Pusselbo, Repbäcken, Lennheden and Kyna. These projects aim to protect a nationally significant groundwater catchment, reduce water losses and enhance drinking water quality by connecting households currently relying on private wells and individual sewerage systems with the municipal network.

"These investments strengthen Borlänge's essential utility infrastructure by modernising the electricity grid and extending secure drinking water and wastewater services. The programme supports long-term operational reliability and ensures that critical public services remain resilient as the municipality grows," said André Küüsvek, NIB President and CEO.

Borlänge is the largest city in the Dalarna region and owns Borlänge Energi. Borlänge Energi offers services such as electricity, district heating, city network, water, sewer, and stormwater and wastewater management.

NIB is the international financial institution of Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden. The Bank finances projects that improve productivity and benefit the environment of the Nordic-Baltic region. The Bank is headquartered in Helsinki with a regional hub in Riga. NIB has the highest possible credit rating, AAA/Aaa, with S&P Global Ratings and Moody's.

Contact:

Tiina Kuusela, Senior Banker, +358 10 618 0241, [email protected]

Tommy Hellström, Associate Communications Officer, +358 10 618 0214, [email protected]